Headway, a mental health startup that launched in 2019, closed a $26 million series A funding round, bringing its total funding to $32 million. The company provides a platform that helps consumers access a network of mental health care professionals that accept health insurance. The company provides mental health professionals with free software that handles the administrative tasks required to accept insurance. All of Headway’s therapists and psychiatrists are offering virtual sessions.
The new funding round was led by Thrive and GV (formerly Google Ventures) with participation from existing investors at Accel, which led its seed round, GFC and IA Ventures. The company previously received angel investments from One Medical, Flatiron Health, and Clover Health.
Headway intends to use the new funding to scale its network across the country. To date, the company has served 14,388 consumers and facilitated 173,686 visits. Its network includes 1,728 mental health professionals, including psychiatrists in solo and group practices. The company’s goal is to make it easier for private practice mental health provider organizations and professionals to participate in health plan networks in order to improve affordability and options for individuals seeking care.
This was reported by Headway on November 18, 2020.
Contact information: Headway Health, New York, NY; Website: https://headway.co/blog/series-a-announcement